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Power Up-Rio's Lithium Power Play

Power Up-Rio's Lithium Power Play Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here . by Andy Home, Senior Metals Columnist. In today’s issue we look at Rio Tinto’s swoop on Arcadium Lithium. The deal will create the world’s third largest producer of a metal at the core of the energy transition.
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Fortum, Vestas settle dispute over Russian wind energy projects

UPDATE 1-Fortum, Vestas settle dispute over Russian wind energy projects Adds detail on settlement, background COPENHAGEN, Oct 10 (Reuters) - Finland's Fortum FORTUM.HE said on Thursday it had settled a dispute with Denmark's Vestas VWS.CO over advance payments it made for equipment for Russian wind park projects that were terminated due to sanctions.
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Fortum, Vestas settle dispute over Russian wind energy projects

Fortum, Vestas settle dispute over Russian wind energy projects COPENHAGEN, Oct 10 (Reuters) - Finland's Fortum FORTUM.HE said on Thursday it had reached a settlement with Denmark's Vestas VWS.CO over deliveries of equipment for wind parks in Russia for which it had made advance payments to Vestas, which were terminated due to sanctions. Reporting
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Fortum, Vestas Reach Settlement Related To Russian Wind Energy Projects

BRIEF-Fortum, Vestas Reach Settlement Related To Russian Wind Energy Projects Oct 10 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM AND VESTAS REACH SETTLEMENT RELATED TO RUSSIAN WIND ENERGY PROJECTS SETTLEMENT ENTAILS THAT BOTH COMPANIES WAIVE PAST, PRESENT AND FUTURE CLAIMS RELATED TO DISPUTE AT HAND PREVIOUSLY COMMENCED INTERNATIONAL CHAMBER OF COMME
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Finnish utility Fortum reports pick up in cyberattacks and surveillance

EXCLUSIVE-Finnish utility Fortum reports pick up in cyberattacks and surveillance CEO says Fortum faces cyberattacks on daily basis Has also spotted drones, suspicious people near sites Security services allege rise in malicious activity by Russia Adds Finnish and Swedish security service comments, request to Russian authorities, context By Anne Kauranen and Essi Lehto HELSINKI, Oct 10 (Reuters) - Nordic utility Fortum FORTUM.HE faces cyberattacks on a daily basis in Finland and Sweden and has s
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Finnish utility Fortum's power assets targeted with surveillance, cyber attacks

EXCLUSIVE-Finnish utility Fortum's power assets targeted with surveillance, cyber attacks By Anne Kauranen and Essi Lehto HELSINKI, Oct 10 (Reuters) - Finland's largest power utility Fortum FORTUM.HE has experienced satellite disturbances, spotted drones and suspicious individuals around its energy assets and been targeted with daily denial-of-service attacks, its chief executive told Reuters.
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Fortum, Norsk E-Fuel To Collaborate In Rauma, Finland

BRIEF-Fortum, Norsk E-Fuel To Collaborate In Rauma, Finland Oct 8 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM AND NORSK E-FUEL TO COLLABORATE IN RAUMA, FINLAND AGREED TO RESERVE A 14-HECTARE AREA FOR A SUSTAINABLE SYNTHETIC AVIATION FUEL (ESAF) PLANT AT THE PORT OF RAUMA PROJECT IS IN ITS EARLY STAGES, AND NORSK E-FUEL HAS NOT YET MADE AN INVESTMENT
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Russia proposes squeezing more budget funds from state asset seizures

Russia proposes squeezing more budget funds from state asset seizures Oct 4 (Reuters) - Russia's government has proposed ordering state companies that acquire assets and property through court decisions to pay 50% of the assets' market value to the federal budget, a note published by the lower house of parliament showed. More than 1 trillion roubles' ($10.54 billion) worth of strategic enterprises and assets, seen as critical for developing Russia's economy and defence capabilities, were transfe
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Top of the Street: UK real estate, European utilities, Covestro, SEB

BUZZ-Top of the Street: UK real estate, European utilities, Covestro, SEB A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank raises three UK real estate companies to "buy" from "hold" citing cautious optimism as Britain moves into a rate cutting cycle ** It upgrades LondonMetric Property LMPL.L as its "roll up & recycle" model continues to plough on, and ups British Land BLND.L and Landsec LAND.L on improving office and retail fundamentals **
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DB resumes coverage of European utilities with neutral sector view

BUZZ-DB resumes coverage of European utilities with neutral sector view ** Deutsche Bank says a recovery in European utility stocks has narrowed their 15% underperformance vs wider market to just 2%, leaving the broker neutral on the sector ** "The rally and modest earnings upgrades means that the sector is again closer to its long-run norm: P/E pa
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Bureau Veritas, Covestro AG, Redcare Pharmacy NV

EUROPE RESEARCH ROUNDUP-Bureau Veritas, Covestro AG, Redcare Pharmacy NV Oct 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bureau Veritas, Covestro AG and Redcare Pharmacy NV, on Wednesday. HIGHLIGHTS * British Land BLND.L : Deutsche Bank raises to buy from hold * Bureau Veritas BVI.PA : JP Morgan cuts to neutral from overweight * Covestro AG 1COV.DE : Jefferies cuts to hold from buy * Redcare Pharmacy NV RDC.DE : HSBC raises t
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Ina Invest and Siemens; updates CMA CGM Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: * * Swiss real estate company Ina Invest INAI.S is considering a merger with its peer Cham Group and if talks succeed, shareholders of both firms will be able to vote on the plan in the spring of 2025, they said.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: MINISO, UniCredit Updates: Rightmove Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** MINISO 9896.HK will take up a 29.4% stake in Chinese supermarket operator Yonghui Superstores 601933.SS for 6.3 billion yuan ($893.05 million), it said, on track to becoming the largest single shareholder in the embattled firm.
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Fortum to sell its stakes in biobased solutions businesses in India

UPDATE 1-Fortum to sell its stakes in biobased solutions businesses in India Adds detail in paragraph 3 STOCKHOLM, Sept 23 (Reuters) - Fortum FORTUM.HE said on Monday it had agreed to sell its 37.4% stake in Finnish biorefining technology firm Chempolis, including Fortum's biobased solutions businesses, and its stake in the firm that owns 40.3% of Assam Bio Ethanol in India.
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Fortum to sell its stakes in biobased solutions businesses in India

Fortum to sell its stakes in biobased solutions businesses in India STOCKHOLM, Sept 23 (Reuters) - Finland's Fortum FORTUM.HE said on Monday it had agreed to sell its 37.4% stake in Chempolis, including Fortum's all biobased solutions businesses, and its shares in the holding company owning 40.3% in Assam Bio Ethanol in India. It said in a statement the buyer is India's AM Green Technology & Solutions.
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Fortum To Sell Stakes In Biobased Solutions Businesses In India

BRIEF-Fortum To Sell Stakes In Biobased Solutions Businesses In India Sept 23 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM TO SELL ITS STAKES IN THE BIOBASED SOLUTIONS BUSINESSES IN INDIA AGREEMENT TO SELL ITS 37.4% OWNERSHIP IN CHEMPOLIS OY, INCLUDING FORTUM'S ALL BIOBASED SOLUTIONS BUSINESSES AFTER DIVESTMENT, FORTUM CONTINUES STRATEGIC REVIEW OF IT
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Uniper, Fortum may extend use of Sweden's Oskarshamn 3 reactor by 20 years

Uniper, Fortum may extend use of Sweden's Oskarshamn 3 reactor by 20 years OSLO, Sept 18 (Reuters) - Germany's Uniper and Finland's Fortum are investigating the possibility of extending the operating life of their Swedish Oskarshamn 3 nuclear reactor by 20 years, the companies said on Thursday. The reactor, which opened in 1985, is currently due to close in 2045 but could remain operational until 2065 under a lifetime extension.
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Fortum, Uniper Investigate Lifetime Extension Of Nuclear Power Plant In Sweden

BRIEF-Fortum, Uniper Investigate Lifetime Extension Of Nuclear Power Plant In Sweden Sept 18 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM, UNIPER INVES­TIGATE LIFETIME EXTENSION OF OSKAR­SHAMN NUCLEAR POWER PLANT IN SWEDEN Source text for Eikon: ( Full story ) Further company coverage: FORTUM.HE (Gdansk Newsroom)
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Fortum's Nuclear Services Signed Multi-Year Framework Agreement With Nuclear Decommissioning Assistance Programme

BRIEF-Fortum's Nuclear Services Signed Multi-Year Framework Agreement With Nuclear Decommissioning Assistance Programme Sept 16 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM'S NUCLEAR SERVICES SIGNED MULTI-YEAR FRAMEWORK AGREEMENT WITH NUCLEAR DECOMMISSIONING ASSISTANCE PROGRAMME NUCLEAR DECOMMISSIONING ASSISTANCE PROGRAMME OPERATES UNDER EUROPEAN COMM
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Moscow takes control over assets of Western companies

FACTBOX-Moscow takes control over assets of Western companies Adds Raiffeisen and Linde, updates Commerzbank Sept 6 (Reuters) - Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far.
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